265-273 88th Street is a rare eighty (80) unit multifamily portfolio comprising five (5) extremely well-maintained apartment buildings situated on two parcels in the heart of the highly desirable Broadmoor Neighborhood of Daly City. - Offered at $26M, this stabilized asset features a unit mix of (6) 3-Br/2-Ba, (6) 2-Br/2-Ba, (4) 2-Br/1-Ba, (62) 1-Br/1-Ba, and (2) Studio units, totaling over 91,000± square feet of gross building area. With a favorable price-per-unit of $325,000 and a price-per-square-foot of $283, this opportunity has strong in-place cash flow (5.23% current cap rate & 11.33 current GRM) -- 265 88th St (4-units), 273 88th St (20-units), 1145 Edgeworth (18-units), 1157 Edgeworth (18-units), 374 89th St (20-units). SIGNIFICANT CAPITAL IMPROVEMENTS have been completed, including voluntary seismic upgrade, updated windows across all buildings, upgraded main electrical panels (25'), deck re-coating and rail painting (25'), updated water heaters, bird proofing, and extensive interior unit updates, with most units having been updated in the past 5-7 years. All units are individually metered for gas and electric, and twelve (12) units offer central forced-air heating.
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Listing Snapshot
Price
$26,000,000
Days On Site
32 Days
Bedrooms
N/A
Inside Area (SqFt)
91,970 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.9757 Acres
Year Built
1966
MLS® Number
ML82013733
Status
Active
Property Tax
$298,844
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
2 days ago
Listing updated with changes from the MLS®
a month ago
Listing first seen on site
General Features
Acres
0.9757
Cross Street
Edgeworth Street
Disclosures
Natural Hazard Disclosure
Foundation
Slab
Parking
AssignedCovered
Parking Spaces
4
Property Sub Type
Multi Family
Security
Smoke Detector(s)Fire Alarm
Sewer
Public Sewer
SqFt Total
91970
Utilities
Cable Available
Water Source
Public
Zoning
SC(C-0)
Interior Features
Appliances
DishwasherRefrigeratorOvenRangeElectric Range
Flooring
Laminate
Heating
CentralForced AirWall Furnace
Laundry Features
Laundry RoomCommon Area
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Exterior Features
Construction Details
Frame
Lot Features
Gentle Sloping
Pool Features
FencedIn Ground
Roof
Tar/Gravel
View
CityGolf Course
Waterview
CityGolf Course
Community Features
Association Amenities
PoolCoin Laundry
School District
Jefferson Union High
Schools
School District
Jefferson Union High
Elementary School
Jefferson Elementary
Middle School
Benjamin Franklin Intermediate
High School
Jefferson High
Listed by of Nate Gustavson of Compass 4157869410
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than eXp Realty are marked with the Internet Data Exchange icon and detailed information about them includes the names of the listing brokers and listing agents. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, MLS Listings, Inc..
Last checked: 2025-08-09 11:05 AM UTC
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